However, it would be interesting to see what valuations they get on D-Street.Īs per the DRHP of Paytm, SoftBank, Paytm’s second-largest investor, is not offering its shares in its coming IPO, which suggests that Softbank expects that there is still a lot of juice left in Paytm. Doshi added that as per the market buzz, Paytm is eyeing for 25-30 billion dollars valuations for its mega IPO which is likely to hit markets by Diwali 2021 and this is the core reason behind heavy demand of Paytm shares in unlisted market. “After the sub-division of shares from face value to Rs 10 to Re 1, Paytm shares were trading at around Rs 2,400-2,425 per piece, currently, which values Paytm at around 19.5 billion dollars,” Abhay Doshi, Founder,, dealing in Pre-IPO & Unlisted Shares, told Financial Express Online. The shares which were trading at Rs 10,000 per piece, swiftly went up to Rs 27,000 per piece amid IPO buzz. The shares of One97 Communications (Paytm) have been in high demand in the unlisted market since May due to the IPO buzz. In the unlisted market on Friday Paytm shares were trading at Rs 2,400-2,420 per share, according to the people who deal in shares of unlisted companies. IPOs worth Rs 50K cr in next 6 months proposals worth Rs 42,000 cr more await Sebi nod Paytm shares in unlisted market in high demand While Rs 2,000 crore will be used for investing in new business initiatives, acquisitions and strategic partnerships and for general corporate purposes. Paytm has planned to utilise the Rs 4,300 crore worth of net proceeds for growing and strengthening Paytm ecosystem, through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services. The weighted average of return on net worth stands at 36.9 per cent. There are no listed companies in India that engage in a business similar to Paytm. Singapore E-Commerce Private Ltd holds 7.2 per cent stake. is the largest shareholder for Paytm, holding 29.6 per cent of the pre-offer paid-up equity share capital. Link Intime India Private will be the registrar to Paytm IPO.Īccording to the draft papers, Antfin (Netherlands) Holding B.V. Morgan Stanley India Company Private Ltd, Goldman Sachs (India) Securities Private Ltd, Axis Capital, ICICI Securities, JP Morgan India Private Ltd, and Citigroup Global Markets India Private Ltd will be joint global coordinators and book running lead managers to the issue. The price band for the Paytm IPO will be determined either at the time of filing the red herring prospectus (RHP) or prior to the IPO opening for the subscription. The public issue will comprise fresh issue of equity shares worth Rs 8,300 crore and an offer-for-sale (OFS) of shares worth Rs 8,300 crore. Through the offer for sale (OFS), One97 Communications Managing Director and CEO Vijay Shekhar Sharma will sell shares worth up to Rs 402.6 crore while Antfin (Netherlands) Holdings will sell shares to the tune of Rs 4,704 crore.Paytm, digital payments and financial services firm has filed a draft red herring prospectus (DRHP) with market regulator SEBI, to launch Rs 16,600-crore IPO. Large investors such as Jack Ma's Ant Group Co and Masayoshi Son's SoftBank Group Corp will sell their stake through the IPO. On October 22, Paytm had received market regulator Sebi's nod for the share sale. JPMorgan Chase, Morgan Stanley, ICICI Securities, Goldman Sachs, Axis Capital, Citi and HDFC Bank are the booking running lead managers to the issue. The Noida-based firm will use the proceeds of share sale to strengthen its payment ecosystem and for new business initiatives and acquisitions. The IPO comprises a fresh issue of equity shares of the face value of Rs 1 each, aggregating to Rs 8,300 crore and the offer for sale by the existing shareholders, aggregating to Rs 10,000 crore. The company has raised its issue size from Rs 16,600 crore ($2.2 billion). The IPO will surpass Coal India (Rs 15,475-crore IPO) and Reliance Power (Rs 11,700 crore IPO) in terms of issue size. The Paytm IPO, if successful, will be the country's largest share sale with the firm aiming to raise Rs 18,300 crore. Blackrock, CPPIB, Birla MF, GIC and other blue-chip funds participated in the anchor fund-raising round leading to 10 times oversubscription of shares. The Vijay Shekhar Sharma-led firm has raised Rs 8,235 crore from anchor investors on November 3.
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